Kalyan Jewellers India Limited

rs,

dra (E), Mumbai 400 051 Symbol: KALYANKJIL Corporate Relationship Dept. Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400001 Maharashtra, India Scrip Code: 543278 Dear Sir/Madam, Sub: Investo

rs 2014

. Ramesh Kalyanaraman joined Mr. T. S Kalyanaraman right from the initial days of Kalyan Jewellers 2014: Raised private equity from Warburg Pincus 2021: Listed Kalyan on NSE & BSE via an IPO 2025: As on

₹2,85,841

s (4 FOCO) in the Middle East and 2 Kalyan showroom in the USA. Last Twelve Months Revenues of ₹2,85,841 Mn and Profit After Tax of ₹9,309 Mn KALYAN JEWELLERS INDIA LIMITED 7 Company at a Glance Key

₹9,309

Kalyan showroom in the USA. Last Twelve Months Revenues of ₹2,85,841 Mn and Profit After Tax of ₹9,309 Mn KALYAN JEWELLERS INDIA LIMITED 7 Company at a Glance Key Highlights 32 Years Since Format

rs 6

fferings Diversified range of product offerings and sub brands targeted at a diverse set of customers 6 7 8 9 Robust and Effective Internal Control Processes Information technology and operations manag

60 %

6 68 32 60 40 2000 2007 2020 2025 Wedding Jewellery Dominates The Industry Wedding wear 60 % 30 % Daily wear 10 % Fashion wear Source: Technopak 2nd 3rd Largest gold market in the worl

30 %

8 32 60 40 2000 2007 2020 2025 Wedding Jewellery Dominates The Industry Wedding wear 60 % 30 % Daily wear 10 % Fashion wear Source: Technopak 2nd 3rd Largest gold market in the world Hi

10 %

000 2007 2020 2025 Wedding Jewellery Dominates The Industry Wedding wear 60 % 30 % Daily wear 10 % Fashion wear Source: Technopak 2nd 3rd Largest gold market in the world Highest component

40 %

s Characterised by localised consumer preferences (‘hyperlocal’ nature) Urban India Rural India 40 % 60 % South Constitutes Largest Pie In The Indian Jewellery Market 70% Share of gold jewellery

70%

Urban India Rural India 40 % 60 % South Constitutes Largest Pie In The Indian Jewellery Market 70% Share of gold jewellery out of the total gold demand No Inventory obsolescence risk given rec

20 %

mand No Inventory obsolescence risk given recyclability of jewellery North East South West 20 % 15 % 40 % 25 % KALYAN JEWELLERS INDIA LIMITED 11 Key Market Trends & Characteristics Organised

15 %

No Inventory obsolescence risk given recyclability of jewellery North East South West 20 % 15 % 40 % 25 % KALYAN JEWELLERS INDIA LIMITED 11 Key Market Trends & Characteristics Organised Jewel

“Adjusted PAT calculated as sum of reported PAT and one-time exceptional write off after adjusting for tax using the formula: (Reported PAT + (Exceptional write off amount) *(1-Tax Rate)) KALYAN JEWELLERS INDIA LIMITED 38 Consolidated Performance Continued Focus On Strengthening Balance Sheet Net Debt to Equity (Times ) Net Debt to Equity (with GML) 2 Net Debt to Equity (without GML) 3 0.7 0.6 0.2 0.5 0.5 0.02 FY23 FY24 -0.02 FY25 -0.04 TTM”

Notes

4

Note

2

Retail experience

1

Increasing brand consciousness

1

After sales service

1

Safety and security

1

Demonetization

1

GST

1

Mandatory PAN

1

Rural policy push

1

Safety and security

Shopping experience in spacious, hygienic surrounding; service by well trained store personnel; robust systems -

Hallmarking of gold jewellery

Compulsory from 2021 Source: Technopak KALYAN JEWELLERS INDIA LIMITED 12 Established Brand A Brand Built On Decades Of Trust And Transparency

PIONEERS IN THE INDIAN JEWELLERY RETAILING SPACE IN

Institutionalising Highest Quality Standards Introducing Highest Degree Of Pricing Transparency For Customers Customer Education And Awareness BIS Hallmarking Of Gold Jewellery Even before regulatory mandate Price Transparency Price tags detailing components aid price transparency before customers Product Certification Guarantee of purity, lifetime maintenance, exchange and buy back Product Quality Karatmeters to verify purity of gold jewellery Transparency In Gold Exchange Transparent exchange process; valuation and verification of purity in front of the customer After -sales Service & Staff Training Staff training to drive customer satisfaction and win repeat business KALYAN JEWELLERS INDIA LIMITED 13 Presence A True Pan -India Player With Expansive Geographical Presence Jammu & Kashmir Chandigarh • 2• 1 • 1• 1 Punjab• 9• 3 • 8• 3 Rajasthan Haryana • 15• 3 Madhya Pradesh • 7• 4 Gujarat• 13• 7 Maharashtra • 28• 14 Pan -India Presence Karnataka • 25• 7 Kerala • 20 • 3 •Kalyan Jewellers

Grassroots Network

Facilitator of the neighborhood jeweller proposition in India • Grassroots outreach focused on marketing and customer engagement across urban, semi -urban and rural areas • Significant proportion of gold jewellery demand originates from rural, semi markets where penetration of organised jewellery low retail is -urban • “My Kalyan” centres provide marketing tool to address latent demand these markets in some of Purchase advance schemes enrollment Enrich customer database Relationship-building with players in wedding ecosystem 1,092 ‘My Kalyan“ centres 10 mn Endeavored customer connect each year ~13% Contribution to revenue from operations in India 4,160 Employees ~28% Of enrolment to purchase advance schemes in India KALYAN JEWELLERS INDIA LIMITED 18 Product Offerings Wide Range Of Product Offerings Targeted At A Diverse Set Of Customers WEDDING JEWELLERY SOLD VIA BRANDS MUHURAT ASPIRATIONAL JEWELLERY SOLD VIA BRANDS MUDHRA, RANG STAPLE REGIONAL JEWELLERY SOLD VIA BRANDS AISHWARYAM STUD

Independent Directors

Industry Experience & Expertise In Key Domains MR. SALIL NAIR Non -Executive Director • Former CEO of Shoppers Stop • ~27 years of experience in the retail industry MR. ANISH KUMAR SARAF Non -Executive Director • MD at Warburg Pincus India • More than 20 years of experience in investing and capital market MS. KISHORI JAYENDRA UDESHI Independent Director • First woman Deputy Governor of RBI • First Director of RBI to be nominated on Board of State Bank of India MR. AGNIHOTRA DAKSHINA MURTY CHAVALI Independent Director • Former Executive Director of Indian Overseas Bank and former Nominee Director of Bank of Baroda amongst others • ~31 years of experience in the banking sector MR. T.K. SEETHARAM Whole -time Director • ~26 years with Kalyan MR. T.K. RAMESH Whole -time Director • ~24 years with Kalyan MR. T.S. ANANTHARAMAN Independent Director • Former Chairman of The Catholic Syrian Bank • Several years of experience in banking, teaching management and accounting MR. ANIL SADASIVAN NAIR I

Note

1. 2. Return on Capital Employed (ROCE) calculated as Earnings Before Interest and Tax (EBIT) divided by sum of Average Equity, Average Net Debt (excluding Gold Metal Loan), Average Lease Liabilities COCO (Company Owned Company Operated) showrooms to FOCO (Franchisee Owned Company Operated) showrooms KALYAN JEWELLERS INDIA LIMITED 29 04 PERFORMANCE REVIEW Recap of Performance through COVID Kalyan Jewellers Has Made Significant Progress Over the Past Few Years Meaningful Progress Across Key Business Metrics … … Supported by Clear Strategic Steps/Direction & Execution Scale & Growth Profitability FY20 FY25 TTM Revenues – Consol ₹ 1,01,009 Mn ₹ 2,50,451 Mn Revenues – India ₹ 78,458 Mn ₹ 2,16,386 Mn ₹ 2,85,841 Mn ₹ 2,47,218 Mn EBITDA Margin 7.5% 6.1% 6.4% Profit After Tax (PAT) ₹ 1,423 Mn ₹ 7,142 Mn ₹ 9,309 Mn Returns ROCE1 ROE2 Leverage Net Debt3 / EBITDA Net Debt3 / Equity Leverage (without GML) Net Debt4 / EBITDA Net Debt4 / Equity 11.7% 6.7% 3.8 x 1.3 x 2.3 x 0.8 x 19.8% 15.9% 1.5 x 0.